Morgan Stanley, a major U.S. investment bank, disclosed holding approximately $188 million in shares of BlackRock’s iShares Bitcoin Trust ETF as of June 30.
Morgan Stanley, a major U.S. investment bank, disclosed holding approximately $188 million in shares of BlackRock’s iShares Bitcoin Trust ETF as of June 30. This was revealed in an SEC filing on August 14, showing the firm owned over 5.5 million shares in the second quarter of 2024.
The bank also reported smaller investments in other crypto-related funds, including Valkyrie's ETF Trust, Fidelity's Wise Origin Bitcoin Fund, Bitcoin Depot, Bitwise’s Bitcoin ETF, Invesco Galaxy Bitcoin ETF, and ProShares Bitcoin Strategy ETF. These holdings were made before Morgan Stanley announced that its advisors could recommend Bitcoin ETFs to clients, specifically highlighting IBIT and FBTC.
Besides the BlackRock investment, Morgan Stanley held around $148,000 in Grayscale’s Bitcoin Trust and $1.6 million in the Ark21Shares Bitcoin ETF. Goldman Sachs also reported exposure to over $238 million in IBIT and other ETFs.
Earlier filings revealed Millennium Management had $2 billion in five crypto ETFs, while state pension and retirement funds from Wisconsin and Michigan have invested in cryptocurrency-linked ETFs.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
